In a sentence, by becoming a strategic budgeter. But how does this happen? Well, the more senior you become at your school the more likely you are to be asked to monitor finances, which makes it crucial to nail the basics from the beginning. 2022 has already shown us that external factors can have a huge impact on budgets. While preparation is key, there are some things that cannot be predicted. A strategic budgeter takes a controlled and considered approach to finances, to keep things in the black.
In short, success comes from having a smarter strategy from the word go. Budgeting is more than just sharing out what’s in the pot. In the modern age schools need to be using a data-driven approach to make their budgeting smarter and more strategic. What’s more, the better you plan your budgets – for example using modelling options and scenario planning – the more likely you are to reap the rewards down the line.